[Jimbo]

[ QUOTE ]
The government has looted the Social Security fund of $1,700,000,000,000 over the past ten years; what will is do with less in the kitty?


[/ QUOTE ]

Andy,

You know that no money has been "looted" from the Social Security program, this is forbidden by Federal law. The annual surpluses have been loaned to the government with interest. The only question is, will the governemnt have enough funds to repay the fund beginning in 2037 when it is projected that the fund will then be paying out more than it takes in? One alternative to insure funds are available is to decrease the rate at which different types of debt are repayed by our government. Currently politicians concentrate on reducing the National debt by repaying debt owned to private parties. One soultion is (in 2037) to shift this repayment burden back into the Social Security fund.

As long as the economy continues to grow and prosper and we balance reduced taxes with reduced Federal spending the National Debt will begin to decrease. This is up to Congress which historically has shown poor judgement in fiscal matters.

Jimbo